Tech shift – Manufacturing Laval
Laval, QC, Canada
Empower Laval-based enterprises with financial aid for digital transformation and AI integration to enhance global competitiveness
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
grant_single|grantors
- Laval Economique
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Tech Transition – Manufacturing program is designed to support Laval-based manufacturing companies in their digital transformation and automation projects, enhancing their competitiveness both locally and internationally. The program offers financial assistance for equipment acquisition costs and the development or integration of AI-based innovative solutions, covering up to 25% of eligible expenses with maximum funding limits of $75,000 for equipment acquisition and $25,000 for AI development initiatives.
grant_single_labels|projects
Yes, there are eligible projects and activities for this grant.
Eligible projects include the acquisition of equipment and the development or integration of AI-based innovative solutions in manufacturing, as well as the initial costs and usage fees for existing AI solutions.
- Acquisition of manufacturing equipment and related components
- Installation and software costs for the equipment
- Development and integration of AI-based innovative solutions
- Initial costs and first-year usage fees for existing AI solutions
grant_single_labels|admissibility
The eligibility criteria for this grant include being a legally incorporated for-profit company in Quebec or Canada, established in Laval, and demonstrating financial capacity for sustained operations. The investment project must be carried out at a Laval facility and expenses/contracts should not be confirmed before the financial assistance application submission.
- Be a for-profit company legally incorporated in Quebec or Canada.
- Be established in Laval.
- Be a manufacturing company or have production activities.
- Have been operating for at least two years.
- Demonstrate financial capacity to sustain operations.
- Carry out the investment project at a Laval facility.
- Expenses and contractual commitments must not be confirmed before the financial assistance application is submitted and an acknowledgment of receipt from the program manager is received.
grant_eligibility_criteria|who_can_apply
The Tech Transition – Manufacturing program in Laval provides financial assistance to specific types of companies to support their digital transformation and automation projects. Eligible companies must meet certain criteria to qualify for the grant.
- For-profit companies legally incorporated in Quebec or Canada
- Companies established in Laval
- Manufacturing companies or those with production activities
- Companies that have been operating for at least two years
- Companies demonstrating financial capacity to sustain operations
- Companies carrying out the investment project at a Laval facility
grant_eligibility_criteria|who_cannot_apply
The grant context does not explicitly mention types of companies that are not eligible for the grant. However, eligibility criteria can indirectly exclude some companies.
- Not for profit companies
- Companies not legally incorporated in Quebec or Canada
- Companies not established in Laval
- Companies without manufacturing or production activities
- Companies operating for less than two years
- Companies unable to demonstrate financial capacity to sustain operations
- Investment projects carried out outside of a Laval facility
grant_eligibility_criteria|eligible_expenses
Yes, there are eligible expenses for this grant. Below is a list of eligible expenses:
- Costs for acquiring equipment and related components (excluding materials, inventories, and other supplies).
- Direct costs related to equipment installation: transportation and leasehold improvements.
- Software acquisition and installation costs.
- Professional fees related to the project.
- Direct labor costs involved in the project, limited to the hourly rate.
grant_eligibility_criteria|zone
The eligible geographic zone for this grant is Laval in the province of Quebec, Canada.
- Laval, Quebec, Canada
grant_single_labels|criteria
Yes, there are evaluation and selection criteria for the Tech Transition – Manufacturing grant. The selection is based on the program’s terms and conditions after the committee validates the information received in the complete application.
- The company must be legally incorporated in Quebec or Canada.
- The company must be established in Laval.
- The company must be a manufacturing entity or have production activities.
- The company must have been operating for at least two years.
- The company must demonstrate financial capacity to sustain operations.
- The investment project must be carried out at a Laval facility.
- Expenses and contractual commitments must not be confirmed before submitting the financial assistance application and receiving an acknowledgment of receipt from the program manager.
grant_single_labels|register
- Step 1: Ensure Eligibility
- Be a for-profit company legally incorporated in Quebec or Canada
- Be established in Laval
- Be a manufacturing company or have production activities
- Have been operating for at least two years
- Demonstrate financial capacity to sustain operations
- Carry out the investment project at a Laval facility
- Ensure that expenses and contractual commitments are not confirmed before the financial assistance application is submitted and an acknowledgment of receipt from the program manager is received
- Step 2: Phase I - Diagnostic
- Conduct a diagnostic of the company with Laval's economic ecosystem partners
- Step 3: Phase II - Implementation Plan Development
- Develop an implementation plan based on the diagnostic
- Step 4: Phase III - Project Realization
- Complete the necessary documentation for the financial assistance application:
- Equipment and AI Development components:
- A duly completed application form
- Financial statements for the last two fiscal years
- Diagnostic and implementation plan
- AI Solutions component:
- A duly completed application form
- Quotes
- Service agreement (minimum duration of 6 months) between the client and the company accelerated by TerroX
- Submit the application and required documents to Laval économique
- Step 5: Committee Evaluation
- Laval économique’s Tech Transition – Manufacturing Committee evaluates the request based on the program’s terms and conditions
grant_single_labels|otherInfo
This grant is designed to help Laval-based companies in their technological growth and digital transformation. It offers financial assistance for equipment acquisition, AI development, and AI solutions.
- Eligibility: For-profit companies legally incorporated in Quebec or Canada, located in Laval, operating for at least two years, and with financial capacity to sustain operations.
- Expenses must be incurred after the financial assistance application submission and acknowledgment receipt.
- Three phases of the journey: Diagnostic, Implementation Plan Development, and Project Realization.
- Application requires a duly completed form, financial statements, diagnostic and implementation plan, and quotes/service agreement for AI Solutions component.
grant_single_labels|contact
438-823-1468
Apply to this program
Business Launch Fund
The Business Launch Fund offers financial assistance up to $25,000 for newly established businesses or for the acquisition of an existing business in Laval, provided that the application is submitted within the first two years of business creation or acquisition and paired with an FLI loan.
Comprehensive Guide to the Business Launch Fund
Starting a new business or acquiring an existing one involves significant planning and financial investment. To support emerging entrepreneurs in their journey, Laval's Business Launch Fund provides an opportunity to secure financial assistance aimed at fostering the growth and sustainability of new enterprises. This guide provides in-depth details about the Business Launch Fund, eligibility criteria, application process, and other essential information designed to help you successfully apply for this valuable grant.
Overview of the Business Launch Fund
The Business Launch Fund is an initiative by Laval Économique, aimed at supporting start-ups and newly acquired businesses in their foundational years. The fund provides up to $25,000 in financial assistance, ensuring that new businesses have the required capital to fuel their initial growth and operational needs.
Eligibility Criteria
To be eligible for the Business Launch Fund, applicants must meet the following criteria:
- Business Status: The applicant must be a start-up or in the process of acquiring an existing business. The application should be submitted within the first two years of the business creation or acquisition.
- Location: The business must be legally incorporated in Quebec or Canada and established in Laval.
- FLI Loan: The application for the Business Launch Fund should be combined with an FLI loan to qualify for the grant.
Financial Assistance Details
The fund offers financial assistance of up to $25,000 per business. The assistance can be used to cover various start-up costs, including but not limited to:
- Initial expenses such as rent, utilities, and office supplies
- Equipment and technology purchases required for the business operations
- Marketing and promotion to help the business build its customer base
- Professional fees like legal, consulting, and accounting services
Application Process
The application process for the Business Launch Fund involves several steps. To ensure a smooth and successful application, follow the guide below:
- Prepare Your Business Plan: Before applying, develop a comprehensive business plan that outlines your business idea, market analysis, financial projections, and operational strategies. A well-prepared business plan is crucial for demonstrating the viability and potential of your business.
- Secure an FLI Loan: As one of the eligibility requirements, you must secure an FLI loan. Ensure that you have the necessary documentation and approvals in place for this loan before applying for the Business Launch Fund.
- Complete the Application Form: Fill out the Business Launch Fund application form with accurate and complete information. Double-check all details to avoid any errors or omissions that could delay the application process.
- Submit Supporting Documents: Attach all required supporting documents, such as financial statements, proof of incorporation, and any other relevant documents that bolster your application.
- Submit Your Application: Submit your completed application form and supporting documents by the deadline of February 15, 2025. Ensure that everything is submitted according to the guidelines provided by Laval Économique.
Important Deadlines
The deadline to submit your application for the Business Launch Fund is February 15, 2025. It is recommended that you start the application process well in advance to ensure you meet all requirements and avoid any last-minute issues.
Evaluation and Selection Process
Once your application is submitted, it will be reviewed by a committee at Laval Économique. The evaluation process considers several factors, including:
- The viability and sustainability of the business plan
- The potential impact and contribution of the business to the local economy
- The applicant's financial capacity to sustain operations
- The strategic fit with the objectives of the Business Launch Fund
Applicants will be notified of the committee's decision within a stipulated time frame. Successful applicants will receive the grant and can proceed with utilizing the funds as planned.
Additional Support and Resources
Laval Économique offers additional support and resources to businesses applying for the Business Launch Fund. This support includes mentorship, access to business networks, and guidance through the application process. Engaging with these resources can enhance your chances of a successful application and help you effectively utilize the grant for your business growth.
Conclusion
The Business Launch Fund is a significant opportunity for new businesses in Laval to secure essential financial support during their critical initial years. By providing up to $25,000 in financial assistance, the fund ensures that start-ups and newly acquired businesses have the resources needed to establish themselves, grow, and thrive in a competitive marketplace. If your business meets the eligibility criteria, take advantage of this fund to kickstart your entrepreneurial journey.
For further information, guidance, or to start your application process, contact Marc Charest, Technology Transformation Commissioner at Laval Économique. Utilize this grant to lay a strong foundation for your business and contribute to the vibrant economic landscape of Laval.